Dollar weakens, yet remains on pace for monthly gain, as Iran war rages

Dollar weakens, yet remains on pace for monthly gain, as Iran war rages
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Dollar weakens, yet remains on pace for monthly gain, as Iran war rages
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The US dollar remains bid as the market continues to question whether the Fed needs to cut rates to 3.00/3.25% after all. Also helping the dollar may be tight money market conditions as the US Treasury restocks its cash balances. In the absence of official data, the focus this week will be on insights into…
Mexican Central Bank Rate Cut December 20, 2024 The Bank of Mexico’s policy interest rate has been reduced by another 25 basis points to 10.0%. This was the fourth such cut since August and the fifth one since March. The rate had been at a peak of 11.25% for a year prior to that initial…
Will we see further consolidation on EUR/CAD? The pair appears to be finding a ceiling at the top of its range once more, possibly setting its sights lower. Take a look at these near-term inflection points. EUR/CAD 4-hour Forex Chart by TradingView The lack of major catalysts from both the eurozone and Canada seems to…
Bridget Phillipson accused of having ‘Marxist ideological dislike of academies’ by leading headteacher Katharine Birbalsingh, who is credited with being one of the best headteachers in the country because of her success with Michaela school in London, has launched a ferocious attack on the education secretary, Bridget Phillipson. In an open letter published on social…
Key Highlights Gold corrected gains after it failed to clear the $3,400 resistance. A major bearish trend line is forming with resistance at $3,345 on the 4-hour chart. WTI Crude Oil prices declined below the $63.20 support zone. EUR/USD is consolidating above the 1.1600 support zone. Gold Price Technical Analysis Gold prices failed to settle…
The situation changed slightly during the past trading day. After a successful attack, buyers stopped, not giving their opponents the opportunity to use this pause. As a result, the course froze at a certain price level. Now, after resting a bit, buyers are likely to start forcing events again, which will lead to further price…